Malaysia always had a deficit national budget where The Government had always spent more than what it can collect except for the so-called golden years between 1993 to 1997 when the budget recorded a surplus and also low deficit budgets in between. Image source: Trading Economics.
(Are we on path to achieve Vision 2020? The Old Man’s war path with the current Prime Minister, Najib may wins the support from a good number of Malaysians who simply tired with the “wayang kulit” in the issue of 1MDB but then again, didn’t the Old Man had his hands in allowing the seeds of mismanagement, wastage and misdirection of priorities to take hold when he was the PM for 22 years? Food for thought. Image source: Jebat Must Die)
I have mentioned this in several of my blog posts that it is going impossible for us to achieve the developed nation status by year 2020 but when it comes from the horse’s mouth, it does sound pretty serious, doesn’t it?